# Cosigo Drill Conversion Test and Results

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/cosigo-drill-conversion-test-and-results--7353701e-81c6-4775-8aee-d696a6968ccb

Original source: https://money.tmx.com/en/quote/CSG/news/7445921685400212/cosigo-drill-conversion-test-and-results

Publisher: tmx

Original announcement: 2024-04-23T21:50:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Cosigo Resources Ltd.

- Ticker: CSG

- Exchange: TSX

- Region: Colombia

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Drill results, Other

- Extracted: 2026-08-23 06:54:45 UTC

Narrative sentiment: 0.10 · Bullish

## Minestarters Atlas summary

Cosigo Resources has successfully converted its onsite 'Hornet' drill from an RC system to a thin-wall core system at the Taraira North property. The test drilling at Gallinero 1 and 2 revealed a new conglomerate layer and incidental gold intercepts in the ppb range, though drilling was hampered by sanding issues.

Reasoning: The announcement focuses on a technical drill rig conversion test rather than a formal exploration program. While gold was incidentally detected, the grades are extremely low \(ppb\) and the primary purpose was testing equipment capability.

- Positive factor: successful conversion of drill rig to core system

- Positive factor: identification of new conglomerate layer

- Positive factor: incidental gold intercepts

- Negative factor: drilling difficulties due to sanding

- Negative factor: very low grade intercepts \(ppb level\)

- Negative factor: limited depth achieved

Facts used in scoring: 3

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release mentions a Qualified Person \(Erik Ostensoe, P.Geo.\) has reviewed the cores and approves the disclosure.

Evidence · text

> Erik Ostensoe, P.Geo., ... has reviewed Gallinero 1 & 2 drill cores and approves the scientific and technical disclosure

## Extracted facts

Stored fact records: 3. Some facts used in scoring do not have a stored record.

## Drill Results (3)

### Gallinero 1

[Link to this fact](https://atlas-staging.minestarters.com/news/cosigo-drill-conversion-test-and-results--7353701e-81c6-4775-8aee-d696a6968ccb#fact-drill-facts-0)

Taraira North · gold

#### Identity

- Hole ID: Gallinero 1
- Project: Taraira North
- Commodity: gold
- Ticker: CSG

#### Geometry

- Grade: 20
- Grade Unit: ppb

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-04-23T00:00:00.000Z

Reasoning: One sample returned 20 ppb Au during an equipment test.

- Positive factor: incidental gold discovery

- Negative factor: extremely low grade

Evidence · text

> one sample returning 20 ppb Au

### Gallinero 2

[Link to this fact](https://atlas-staging.minestarters.com/news/cosigo-drill-conversion-test-and-results--7353701e-81c6-4775-8aee-d696a6968ccb#fact-drill-facts-1)

Taraira North · gold

#### Identity

- Hole ID: Gallinero 2
- Project: Taraira North
- Commodity: gold
- Ticker: CSG

#### Geometry

- Grade: 380
- Grade Unit: ppb

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-04-23T00:00:00.000Z

Reasoning: A sample near the bottom of Gallinero 2 returned 380 ppb Au.

- Positive factor: highest intercept in test

- Negative factor: extremely low grade

Evidence · text

> returned assays of 170 ppb Au and 380 ppb Au

### Gallinero 2

[Link to this fact](https://atlas-staging.minestarters.com/news/cosigo-drill-conversion-test-and-results--7353701e-81c6-4775-8aee-d696a6968ccb#fact-drill-facts-2)

Taraira North · gold

#### Identity

- Hole ID: Gallinero 2
- Project: Taraira North
- Commodity: gold
- Ticker: CSG

#### Geometry

- Grade: 170
- Grade Unit: ppb

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2024-04-23T00:00:00.000Z

Reasoning: A sample near the bottom of Gallinero 2 returned 170 ppb Au.

- Positive factor: incidental gold discovery

- Negative factor: extremely low grade

Evidence · text

> returned assays of 170 ppb Au and 380 ppb Au

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.